Supreme Court rules in Dartmouth v. Woodward, overturning a lower court opinion supporting the governor of New Hampshire in an attempt to usurp power from the college trustees. This pivitol case established the right of individuals to enter into contracts as a group.

Andrew Carnegie agrees to give Atlanta $100,000 to build and provision a library. The city agrees to find and donate land on which to build the library, and to provide ongoing funding of the institution.

The NFL owners unanimously approve the sale of the Atlanta Falcons to Arthur Blank. Blank, who had co-founded Home Depot and recently retired from his position as co-chairman of the hardware chain store, had earlier reached a preliminary agreement to buy the Falcons from the heirs of Rankin Smith's estate.